The National Financial Educators Council SavingsFund Set to Launch Before Black Friday

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The National Financial Educators Council is on schedule with the launch of SavingsFund - an online platform provides families a way to save money for their children’s future while providing personal finance lessons.

The National Financial Educators Council is on schedule with the launch of SavingsFund - an online platform providing families a way to save money for their children’s future while providing personal finance lessons.

The NFEC developed SavingsFund through their social enterprise model so families have another way to save for their children’s college or long-term financial security. Parents are able to set up a secure profile for their child so that friends and loved ones can give financial gifts.

“Billions of dollars are wasted on gifts that go into the garbage. Now families have a way to give a gift that can contribute to their child’s long-term financial security. SavingsFund also provides a timely financial education - so as their money grows so does their financial capabilities,” states the NFEC’s National Development Director Steven Alexander.

SavingsFund has undergone 5 months of testing since the soft launch in May 2013. The objective was to ensure the programs security and be prepared for the official launch prior to Black Friday.

The NFEC designed SavingsFund to also provide parents a way to teach their children about money. As the child receives money for birthday, holiday and accomplishments – SavingsFund provides financial literacy lessons to the parents and children. The goal was to help families to open up the lines of communication about money.

The NFEC's commitment is to improve the financial capability of people around the world. SavingsFund was developed as part of the NFEC’s social enterprise business model – providing the services and the financial education material is complimentary for families receiving gifts.

The NFEC is a leading financial education services provider that supplies organizations with the financial literacy resources, training and material.

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Cecile Abad
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